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FOX News
Mar 20, 2013 3:00pm PDT
in the grapevine. up next, the state of the u.s. economy. what are the chances of another recession here? for over 75 years people have saved money with...ohhh... ...with geico... ohhh...sorry! director's voice: here we go. from the top. and action for over 75 years people have saved money with gecko so.... director's voice: cut it! ...what...what did i say? gecko? i said gecko? aw... for over 75 year...(laughs. but still trying to keep it contained) director's voice: keep it together. i'm good. i'm good. for over 75...(uncontrollable laughter). what are you doing there? stop making me laugh. vo: geico. saving people money for over seventy-five years. gecko: don't look at me. don't look at me. by the armful? by the barrelful? e carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >> bret: no major changes on the horizon in how the federal reserve is dealing with the economy. while fed chief bernanke says things are getting better not everyone is encouraged. chief national c
FOX News
Mar 21, 2013 7:00pm PDT
plan and grows the economy. balancing the budget is not just a statistical exercise it's the necessary means to a healthier economy, it creates more jobs and helps people keep more of hard earned money and a contrast to the other budgets that are passing. at least budgets are passing here for a change, but all the other budgets have trillion dollar plus tax increases and have net spending increases and when he you have a trillion dollar deficit, we need to work on our spending and when the other side is offering even more spending increases and even more tax increases, more borrowing, we're still kind of worlds apart. >> greta: i went through the budget and it's very complicated, at least i think it's complicated. and i want to go to different provisions i understand. let me start with medicare. under your program it doesn't affect anyone over age 55. >> if you're born in 1958 or earlier, it doesn't affect you. meaning you stay in the current medicare program just as it's designed now. in addition we get rid of the obamacare independent payment advisor board. the board of 15 bureaucrat
FOX News
Mar 24, 2013 1:00pm PDT
could hurt young adults and economy as a whole. brenda buttner, anchor of "bulls and bears." i guess it's a story here is that young people are avoiding debt and not getting sort of themselves mixed up in some of these predatory practices that young people have been the target in the past. so had a part of the story is good, right? >> absolutely. during the great recession everybody stopped using their credit cards but particularly those under 35. especially undergraduates as you brought up. in a sense that is good, whenever you hear from a personal financial expert, get some extra money, pay off your credit card debt, but having no credit and misusing credit are two different things and could have potentially difficult implications for our economy and for these young adults. >> rick: i remember my mother telling me, go and get one credit card, buy something you need but get your books and put it on the card and then pay it off in full. that is the way to start establishing a good credit? >> who is your mom. eileen -- that is good advice to your son. that is exactly what you do. you
FOX News
Mar 23, 2013 7:30am PDT
-- >> the moving service economy which unions have. >> go ahead, adam. >> charlie was making an interesting point and i think i can help him here because the deal you said earlier, why why don't unions give in to the weight of the private sector employees have given in. well, the fact of the matter is. a lot of people watching this understand that. those benefits aren't very good sometimes so i don't fault the union leadership for saying-- >> private sector on everything from health care, to-- >> and we don't want our members to-- >> well, guys, here let me finish. a thousand jobs, a thousand workers, the private sector guys getting screwed for the jobs or you could have a hundred guys getting lavish benefits because that's all the company can afford. >> and what about the numbers, charles. >> what we're forgetting that we as taxpayers fund at least in the case of the public union members, their benefits. their incredibly generous benefits compared to ours. we're paying for them. we fork over the money and pay the bills. and i think that's the a distinction it that's lost upon p
FOX News
Mar 23, 2013 1:00pm PDT
service economy. >> neil: go ahead, adam. >> charlie was making an interesting pointed. you said earlier why don't unions give in the way the private sector employees have given in in the fact of the matter is a lot of people watch that understand that the benefits aren't very good sometimes. >> private sector gets screwed on everything. >> here is the thing. let me finish. thousand jobs or a thousand workers, those private sector guys getting screwed are a getting hundred guys getting lavish benefits. >> sounds like the grapes of wrath. >> neil: are we forgetting that we as taxpayers fund at least in the case of the public, union members their benefits, their incredibly generous benefits compared to ours? we are paying for them. we fork over the money and pay the bills. i think that is the issue that is lost. hey, taxpayers you are here as a service to me. you help me and i'm paying through the nose for you. >>> when the teachers strike in chicago it makes people angry. they know that, frankly we the american people. >> neil: 401-k plans, apparently a fox news alert to many of t
FOX News
Mar 19, 2013 1:00pm PDT
one-sixth of the economy in order to be able to gain control of our lives, and of course it's going to be a mess. what does the government do that is good when it starts interfering with our lives? there are functions for the government. they need to remember what those things are and leave the rest of us alone. >> neil: what they discovered, as you warned -- this is prior to your prayer breakfast meet and greet with the president -- that all of a sudden the goodies would be showcased up front. the problems would be later. the goodies were fewer, the problems many more, and the cost of this potentially much, much hire than the thought. how is all of this rolling out now? >> well, of course the reason that it was done in secret, rather than in a transparent manner in which it was supposed to have been done, is because there are so many bad parts of it. there's so many obligations so many new taxes associated with it. it's incredibly expense simple. it was supposed to lower the cost. it has raised the cost of the premiums for average family, and in the neighborhood of $5,000. this is
FOX News
Mar 25, 2013 3:00pm PDT
. >> this is a painful deal. no doubt about that. it could hurt the economy by ten gdp points. joblessness but the banks were going collapse anyway. the economy would be in shambles anyway. there is concern that the depositors are hurt, because what is happening is if you have more than 100,000 in euros in the bank, those are targeted to help with the bail-out. $4.2 billion. a lot of that is from russian. a lot of -- he would cry about that. this is a good thing. bail-in, instead of bail-out. you take in a model where you are forcing the bank to save itself. the shareholders, bondholders and go to the uninsured depositors. this is a lesson we might take here. rather than the taxpayers bail-out you have the bail-out within the institution. i understand the pain but i don't think it's a bad idea. >> you float the idea of going after the saving account. it doesn't rez nay with many folks. >> but they weren't insured. they weren't insured over $100,000. here they aren't over $100,000. you know, you know when you put something in a bank like, that i covered the savings and the loan
FOX News
Mar 25, 2013 1:00pm PDT
records, taking, and larryeating bails glazer from the economy summit. and bruce is in pennsylvania where the snow has begun. reporter: well, neil, that heavy snow from this morning has turn into light snow this afternoon and now more of a freezing rain. literally minutes ago the sun made an appears and that is rare. no blizzard here but another significant snowfall. two or throw inches around most of the region, now a slushy mess. it began this morning. we expect it will not wrap up until late tonight. this is actually the 11th day in the month of march with some kind of trace amount of snow or more. none of them any big deal but all of them irritating. last month, one day with a trace of snow. temperatures much colder this march. the average high 15 degrees colder this march than last march, and just two days in the entire month of march that the national weather service would regard as clear, day where the sun was actually out. a fair number of fender benders this morning, but overall more of a slushy mess than a real danger. the temperatures are expected to get down near freezin
FOX News
Mar 23, 2013 8:30am PDT
workers. i don't see how in the big picture this is going to benefit the country or the economy. >> wayne is the first person to repeat this over and over. panelsy pelosi said let's pass so it we can read it. they don't even know the definition of a full time employee yet. is this woman full time? she doesn't know. all she knows is she's probably not getting health care. >> before you answer that, i'm holding a copy of the u.s. constitution in my hand which i carry with me at all times. i page through this time and time again and i can't find anywhere in it that says government can require me to purchase something. >> well, eric, it's unfortunate. the government is -- it's a fashous government. they cans for you to do anything they want to. why we're celebrating something that is a horror like obama care is hond me. you're talking about a birthday, i'll tell you what. birthday you see this cookie, well, the cookie crumbles. see. that's what happens. because it's not worth anything. and they should turn around and get rid of it. >> we're laughing but the economy really rests on h
FOX News
Mar 18, 2013 6:00am PDT
would still be left with a deficit and you would wreck the economy. martha: interesting lesson. stuart, thanks very much. we'll be watching it throughout the day as i know you will. let's look at bigger picture of europe's debt crisis. five countries needed bailouts from the european central bank and imf. greece, spain, ireland, portugal as stuart mentioned. germany the fifth biggest. great britain at number eight. france with the 9th largest. italy at number ten. they all shrunk in the last quarter of last year. europe is basically contracting. the eurozone is losing huge numbers of jobs. a record 19 million people are unemployed. it is a tough picture and one we need to watch closely here at home. bill: sure do. no telling when that thing will get straightened out. >>> more rough water for carnival cruise lines. another disabled ship of vacationers, limping back to port. legend arriving yesterday. a leading senator calling for a passenger bill of rights. what would be in that bill? peter doocy live in washington. what would this bill of rights do, peter? >> reporter: bill, it would g
FOX News
Mar 18, 2013 5:00pm PDT
country. high taxation and high debt are holding back the economy and the g.o.p. believes mr. obama is creating a nation at war with itself. the affluent vs. the nonaffluent. over the weekend senator ted cruze of texas, a conservative, delivered a very emotional speech at cpac. >> my father came from cuba. he had been in prison. he had been tortured in cuba. and he came to texas with nothing, with 100 in his underwear. didn't speak a word of english. washed dishes making 50 cents an hour. in someone had came up to that 18-year-old kid avenue as he was washing dishes and suggested to him that 55 years hence his son would be sworn into office as a united states senator representing the great state of texas. [ applause ] that would have been unimaginable. >> now mr. cruze says his dad made it on his own without government assistance. he worked hard and provide for his family and now his son has achieved the american dream. that's the way this country is supposed to work. but president obama himself has a very compelling story to tell. his father abandoned him. he was raised primarily b
FOX News
Mar 20, 2013 4:00pm PDT
stay the course. that's the message from the fed chairman ben bernanke today. he says our economy is improving but it still needs help. so the fed will keep interest rates at record low levels and will keep buying $85 billion in bonds each month. stocks like that, the dow up 56 points. briefly hitting a new record. the nasdaq up 25. the s&p up 10. of course, investors the world over are still watching the tiny island nation of cyprus as it nears possible bankruptcy. banks there are closed for the rest of the week now. and lawmakers are working on a plan b after parliament rejected a proposal to tax people's savings accounts. the fox business network peter barnes is live in the newsroom in washington. how concerned is the fed about cyprus? >> well, shep, he said the feted is paying attention to it, monitoring cyprus carefully. he said that so far its problems don't appear to be spreading to the u.s. or other countries. and that's the big concern here that this could become a contagion and trigger another financial crisis. but, bernanke suggested cyprus is unique, that its banking s
FOX News
Mar 26, 2013 1:00am PDT
the next several years. if the economy doesn't improve. let's assume for the sake of discussion it stays the way it is with persistent high unemployment and sluggish growth and so on. it's not at all clear the country will be in anywhere near ready to elect another democrat. >> bill: maybe so. >> it's hard ever 8 years to win another term for any party. >> bill: you have a couple of wild cards. iran is a big wild card because then we will know whether the obama administration allowed them to have a nuclear weapon. and if they do, all hell is going to break loose everywhere. all right. so that's definitely in play. the economy, i'm not so sure -- i was surprised that barack obama won re-election because of the economy. i mean, just for the sake of argument, mitt romney, all right, maybe not the best candidate but, still, a tremendous change he was offering, the governor was offering. tremendous change. people rejected that. and wanted this malaise and this giant colossus spending. maybe this is off othe table forever. maybe the entitlement state which mrs. clinton will embrace is th
FOX News
Mar 22, 2013 1:00pm PDT
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FOX News
Mar 20, 2013 12:00pm PDT
to boost the economy through the program of buying up $85 billion in treasury and mortgage bonds. but the trouble in cyprus could threaten markets. officials are trying to find a new way to keep their own economy afloat after the parliament rejected a bailout that would have taxed its own citizens' bank accounts. the banks are closed the rest of the week. >>> where are we with this situation? >> in a standstill when it comes to cyprus. the parliament is betting the european union and central bank will not cut them off for -- not going through with the plan to tax deposits. they have almost a week to negotiate. next tuesday is when the banks open up. in the back channels with russia on financial support, so it seems they're hoping they can find a stopgap. >> shepard: what i didn't understand was the real problem with this situation in spy russ is the russians, who have been laundering money, have stashed so much money in the banks, the banks are bigger than the economy in the country. so they could have taxed it at 13%. they have, like our federal deposit insurance company, they have g
FOX News
Mar 22, 2013 10:00am PDT
priority. let's listen. >> due to the influx and further strained the economy that is already under considerable external pressures with an unstable region, the ghoebl economy recovering. but having said that as i already alluded to, we are so grateful to the u.s. assistance in solving this enormous responsibility and together continue to appeal to international community for more help to face this calamity. i had the opportunity, obviously, to talk about the peace process and we're very delighted by the vision and depth of wisdom the president showed over the past several days with israelis and palestinians. and obviously reiterate jordan's commitment to the peace process and the crucial importance of the u.s. leadership in resuming the palestinian-israeli negotiations based on the two-state solution. there is simply no other formula, no other -- two-state solution is the only way to go and if you compare that also with the radicalization of syria, together with the peace process, this is going to be a serious threat to an already volatile region. i believe there is a window of opp
FOX News
Mar 19, 2013 6:00am PDT
and portugal in red there. the economies there were slow and germany the fifth biggest. great britain at number eight. france the 9th largest. all shrink shrinking in the last quarter. that is not what you want. entire eurozone by the way losing huge number of jobs. a record 19 million are unemployed. martha: deadly storm causing serious problems across the south. areas of alabama got pummeled with large hail. some of it was the size of baseballs. that is an unusual sight. that is what they had there. high winds causing issues in georgia. thousand people waking up without power there. national weather service say the storm destroyed a store and a dozen homes. look at the wreckage on the ground. one man was killed when the wind topple ad tree on to his car. bill: we had whiteout conditions here in new york city last night and a new round of snow making for a tough commute across the northeast. new england could see the worst of it. that region getting hit with several major storms over the winter. it could get up to 20 inches of snow by the time this storm passs? maria molina l
FOX News
Mar 19, 2013 12:00pm PDT
the united states is not buying it. and some economists are now saying that there's a shadow economy that could explain why the retail sales are rising despite static credit spending and paychecks. an explanation at last. at it all ahead unless breaking news changes everything. >>> from fox, at 3:00 in new york city, seven u.s. marines are dead and several others hurt after a training exercise in nevada. it happened at hawthorne army depot there last night. the military uses that base to store weapons and train troops. according to military sources, large mortar, like the one you see hour, somehow exploded. officials describe frantic scene. it was 45-minute chopper flight to the nearest trauma center in reno. today the white house says the president is watching the developments. >> the president's thoughts and prayers go to the families of those who were lost and those who are injured. we're obviously in the early stages of assessing the incident. it's a tragedy, clearly, and the president was briefed immediately on -- and made aware of it immediately and briefed on it, and we're mon
FOX News
Mar 26, 2013 10:00am PDT
economies as he suggests countries now running into economic troubles should follow the lead of cyprus and possibly consider just taking the money they need from people who bank with them. and welcome to "america live," everyone, i'm megyn kelly, they said it wouldn't happen and only in cyprus and not to worry, well, maybe not. and the statement i just mentioned came earlier from the finance minister of the euro zone, he's the head, the head finance minister, that's europe's economic union and another european leader was so upset by the comments, he came out and in a fair showing of public dissension, called the earlier statements wrong. and this dustup comes as new protests erupt in cyprus and demonstrators there outraged over the deal and effectively steals money, just takes it from the wealthy and from businesses that cannot pay salaries and suppliers. protesters urging the fellow country men and women to fight back, chanting that lawmakers are quote, sucking your blood. and simon constable is a wall street columnist and the offer of the 50 economic indicators that matter and this is am
FOX News
Mar 23, 2013 1:00am PDT
new spending. many folks including me think this would absolutely destroy the american economy. with me is david callahan from a liberal think tank. let's take the rate for billionaires. and then they want 45% for millionaires, right? number one, i don't quite understand. i guess billionaires and millionaires would have to hand over their personal portfolio information to the irs? that would have to happen, right? >> the idea here, bill, is that donald trump and his dermatologists shouldn't be paying the same tax rate. right now, after 39 percent, everybody who makes more than $400,000 a year pays the same rate. so, it doesn't make sense that a dermatologist making $425,000 a year pays the same rate. >> bill: why doesn't that make sense? you always have a top rate on anything, okay? so you want a progressive rate up to infinity, i guess. that would require the federal government to go into my house and almost do a cool could you legs of what i'm worth to put a onerous taxation on me. do you believe it's right for any of government to impossession a 39%, 45% on anybody. >> that'
FOX News
Mar 22, 2013 3:00pm PDT
refugees stream across the border and decimate the economy. >> this is behind us. we have to roll up our sleeves. it will be a bumpy and difficult road. >> for the second time on this trip, the president expressed frustration when a reporter suggested that the u.s. is not doing enough on syria. >> the united states often finds itself in a situation where if it goes in militarily, it's criticized for it. if it doesn't, people say why aren't you doing something militarily? >> president is prodded on by carl levin who called for active approach to take out president bashar assad, from no-fly zone to airstrike. >> it's tragic. it's heart-breaking. the sight of children and women being slaughtered that we have seen so much i think has to compel all of us to say what more can we do? >> king abdullah is also under pressure. since a refugee camp alone is now the fifth largest city in jordan. there is also fear extremists will spread chemical weapons from syria to jordan and israel. abdullah resisted any foreign military intervention and today visibly winced as a reporter asked if it would provid
FOX News
Mar 22, 2013 2:00am PDT
owe the country a balanced budget. it's a reasonable plan. grows the economy. balancing the budget is not just a sta stats tis particular call exercise. creates nor jobs. helps people keep more of their hard earned money when the other side is offering even more spending increases and tax increases. more borrowing. we are worlds apart. >> democratic proposals do not balance the budget. the fbi is investigating how on earth a man was able to pose as a pilot and gain access airways flight in philadelphia. police say the man had on an air france uniform and also an i.d. then he ended up in the jump seat right behind the airlines captain. he was caught when he failed to show his real credentials. the airline says that no passengers were ever in danger. >> that was a bizarre story. >> um-huh. >> the lie breafer congress has added 25 new songs, including this 1960's hit. ♪ come on, baby, ♪ let's do the twist. ♪ come on, baby ♪ let's do the twist. >> they said it became the excitement and energy. dick clark chubby checkers to record a new version of the song. it is more than two d
FOX News
Mar 20, 2013 7:00pm PDT
our economy, he has no real interest in straightening out our budget problems. i don't know what his priorities are, but they certainly aren't straightening out the tremendous debt that we've accumulated under his presidency. >> greta: and the senate should note that other presidents should know that other presidents have been late, but this is the first time the president didn't get the budget before the house and senate and we waited and supposed to get it early april, but maybe. mayor, listen to this the national debt we all owe stands at more than 16 trillion dollars, so are president obama and speaker of the house, john boehner, both in denial or are they drinking the same stuff? >> i think it's important to recognize is that we've already cut 2.5, 2.7 trillion dollars out of the deficit. if the sequester stays in you've got over 3 1/2 trillion dollars of deficit reduction already so we don't have an immediate crisis in terms of debt. in fact for the next ten years it's in sustainable place. >> we do not have an immediate debt crisis, but we all know we have one looming. >> gret
FOX News
Mar 23, 2013 7:00am PDT
and years. what does it mean to our economy? >> what it means to our economy, the lawmakers, what gaur gary b is correct. voters are not against this, voters are against this. and like trying to find the bravest frenchman, it's tough to find an honest one out there. >> and this is by the way-- >> and this is the entire french vote and i don't care how. >> they don't want this. >> and here is the difference, here is the difference. >> and one thing about this is, even if everybody in the world is doing it, it is still wrong. congress comes out and says, we don't want pork and they also said we're going to stand up for simpson bowls and cut spending and raise revenue, we can't do that. they all say they're against pork and every single one of them do it, it's a systemic problem and it's a character problem that we have indeed seen and it means these guys are not doing it for our country. >> john, one thing, take a breath for god's sake. the issue here is that if jonas got, you know, the extra bonus coming early. taxpayers weren't paying for it. in this situation, clearly, taxpayers
FOX News
Mar 17, 2013 8:00pm PDT
handling the economy. the president is now making an effort to reach out to republicans by meeting with them several times over the past couple of weeks but you have is to wonder are his efforts sin? sincere. i asked lindsey graham earlier. the president spent more time on capitol hill meeting with republicans in the past week than he has for the previous four year is. senator, what is up? >> i don't know. old saying in the south it doesn't matter how you find religion as long as you do. i don't know if it is the dropping poll numbers or wants a leg icy and realizes you you can't have one without talking to republicans. either way it is a constructive thing. >> mike: i said you can't govern if you don't have relationships. >> right. >> mike: you can't have relationships if you don't look at each other face to face and spend time together. may not always be pleasant but it has got to be done. are you convinced and you were one of the senators that had dinner with him on the thursday night at the jefferson hotel. is he being a workhorse? or a showhorse? >> that is the ultimate the questio
FOX News
Mar 19, 2013 9:00pm PDT
have 4, 5, 6% growth for the american economy and a long way toward solving the debt problem. >> sean: here is the new world order as relates to fossil fuels. we have more oil, fossil fuel energy than iraq, iran and saudi arabia combined. we have it all. especially with the new technology. that means what's happening in north dakota could happen in the entire country. and we could get out of our debt. we could get out of our deficits, we could save social security, medicare and have an economic growth boom that we haven't seen in a long time. >> california alone in one shale oil field has 100 billion barrels of oil. that is california. >> sean: how stupid, we are a stupid country. we're stupid because we allow the government-- why are you looking at me. >> i'm agreeing with you. >> sean: we're a stupid country. >> we need to get out of our own way, but this is a little bit after small detail, but a very important one for business and for america to understand. last week, one of the rules of the obama administration put out was to say that if you're going forward with any sort of proje
FOX News
Mar 18, 2013 6:00pm PDT
economy that's produced over 6.3 million private sector jobs and we have more work to do. and this president's number one priority is growth and job creation. >> what a bunch of-- there's 20 million more americans on food stamps, number one. and number two, we have one in six americans in poverty. what would dr. carson do if he was president. would you cut back? >> well, i would certainly cut back, but the pay i would cut is evenly, but i would give the managers of each department discretion because they know where the fat is. they're not going to cut the muscle, they're going to cut the fat. it seems like what the president is doing is trying to cut in the places where it hurts the most in order to prove a point and i -- if ever the mainstream media reaches a point where they recognize that if we destroy this nation and destroy the economy, they, too, will be destroyed, i think at that point they will start asking the tough questions and helping to move the population in the right direction. >> sean: don't hold your breath, dr. carson. i declared in my own medical way, the media i
FOX News
Mar 19, 2013 7:00pm PDT
institutions like the family, about a growing economy, about assuring that we have a strong national defense. we care about these things so much because fundamentally we are the people who truly care about people. we love people in the country and we want everyone to succeed in this country. >> i'm going to talk a little bit about what's logical and what's common sense today because we don't hear a lot of that and i don't think that common sense should be something that's just for conservatives. you know, liberals and everybody else should understand and enjoy common sense, also. for some strange reason, sometimes they don't. >> you see, as conservatives we shouldn't take a back seat to anybody. we have a moral cause, it's not just about balancing budgets, it's not just about giving the economy, and what we stand for is not taking things away from people. that's the other side. this president and his ally measure success in government by how many people are dependent on the government. we measure success in government by just the opposite, by how many people are no long are dependent on the
FOX News
Mar 19, 2013 3:00am PDT
economy, balancing it by 2023 would be great. but i read a piece this morning, mentioning that it would be great 'cause it would ease fears of future tax, so more companies would begin investing a bit more and consumers potentially would start consuming more as well. >> brian: by the way, senator warner and senator dick durbin cote say we need entitlement reform. before the charm offensive, you never got that. >> steve: but it's got to be significant. not just around the edges. that's where the fight comes in. meanwhile, 12 minutes after the top of the moment with the way, paul ryan will be joining us live coming up at 8:30 eastern time on your channel for news. >> straight strait from the horse's mouth. >> brian: good job. tick him off, good move. coming up straight ahead. >> steve: we are cutting our defense budget, but increasing our humanitarian missions in third world countries. where are the nation's priorities added? >> and he got $2 million of stimulus money to create green batteries. one problem, they haven't stimulated a thing. where did all that cash go [ male announcer
FOX News
Mar 20, 2013 11:00pm PDT
preplanned, prior to sequestration. anything that goes wrong in the economy, accident, tragic accident like this, paint it like sequestration. for some reason, it's the republicans' fault, somehow, trying to make the link. look to the usda, e-mails or the national park, this is cheap political props. on the back of marines pretty ticked off. >> dana: i was going to ask a media angle of this. harry reid says stuff in the past. when you say this on the floor, the media ignores it and brushes it off. whereas if it's a republican it would be -- >> greg: the definition of insanity is expecting sanity from harry reid. it's your own fault. to expect anything commonsensical from him. can we talk about how he sounds? he has the voice of horse lubery can't. can't -- lubricant. >> dana: how do you know? >> greg: it's metaphor. it spent time on the farm. doesn't he realize, he is insane. that he realizes that he is shooting in his own tent. obama owns the sequestion ration. he has become the attack dog so rabid his handlers aren't safe. we give you the job of defending harry reid. >> greg: toughes
FOX News
Mar 24, 2013 4:00pm PDT
smallest economy in the euro zone. if it has to devalue its currency, then do we have a domino fall and a fall in other places, spain, italy, and then do we see the whole thing going over with greece and the rest? >> and impacts us, and people may begin to take some of their money out of stocks here at home. >> what happens, people flee, basically, to quality. the dollar go up and treasuries being bought and see people getting out of risky things such as stocks. >> harris: you're the silver lining person on fox report weekend. you always find it for us and say later on in the week no matter what happens, if we feel a hiccup, if we don't, because of this week and cyprus and european problems over there, we have some good news coming? >> plenty to move the markets this week, and we have news on housing, both on prices and pending home sales and prices across the country and he we also have consumer confidence which has been quite high. so the housing rebound is something that's been pushing the bulls and they have been very resilient. we've seen them running, i'm not so sure that the 13th
FOX News
Mar 23, 2013 4:00pm PDT
republicans. now, context showing how differently the plans would deal with the economy. the senate plan calls for $46.5 trillion in spending, nearly $5 trillion more than the house plan and more revenue an additional $1 billion more than the house plan. the biggest difference would be the impact on the nation's ballooning deficit. the senate plan is projected to cut spending by $975 billion over the next ten year. in the same time the house plan would cut a lot more. $6 trillion nearly. and if all this is not enough number crunching for you president obama is expected to release his budget plan in early april. of course, we will take a look and report. >>> europe holding its collective breath time as the nation of cypress teethers on bankruptcy. a lot of wealthy europeans particularly russians park their money in cyprus bank. if the financial system fails. they will be asked to foot the bill for the bailout of the bank. we started seeing how they might pay with talk of a 20% tax on bank deposits. a chance the banks to collapse by tuesday there. >> reporter: harris that is absolutel
FOX News
Mar 21, 2013 3:00pm PDT
deadline. the public fight was over the budget. >> the stanford economy looked at the budget and said 500,000 jobs right away. this plan will protect and strengthen medicare. it begips, yes, by repealing obama care. >> the resolution passed 221 221-207. with ten republicans an all democrats voting against it. >> this is an uncompromising ideological approach to our budget issues. this also fails the test of taking a balanced approach. >> the senate is planning to vote on the ryan blueprint to hold republican feet to the fire. >> it was crafted by a hard right group in the house. and most republicans would rather run away from it. we saw that happen during the presidential campaign. we're not going to let them run. >> senate democrats favor budget chair patty murray's plan to raise taxes, increase spending and never come to balance. top republicans say it doesn't add up. >> that means more debt. fewer jobs. frankly much higher taxes from the american people. we certainly hope that the president will change his mind and submit a plan that actually balances the budget. >> the senate plan
FOX News
Mar 21, 2013 2:00am PDT
following that one. talk with us about voters. >> they are nervous about the economy and the debt unlike leaders in washington. they think it needs to be dealt with right now. that's kierd to go a fox news poll released. two-thirds are nervous about the economy. more than twice the number that are confident. they are at odds about the budget deficit. they believe the federal government should be required to balance the budget. and when asked to describe the national debt 68 percent said it is an immediate problem. 27 percent said it's something that can be handled in the future. only 4 percent said it's not a problem. >> reveal your weight or pay a penalty. cvs announcing all workers on company healthcare must have an annual wellness review and report their weight, body fat, blood pressure and more. if they don't they will be charged $600 more a year. people not only criticizing the penalty but also wondering this about worker's privacy. in a statement cvs said personal health information would remain private. so we want to know would you reveal this information? send us your comments at
FOX News
Mar 24, 2013 7:00pm PDT
not even me. the beauty of immigration is like even low skill immigrants are good for this economy. they are benefitting not only high skill people like me or like all of the people working in washington, d.c. because they mow their lawn and they watch their children, but also lower skilled labors because this is not a zero sum game. the economy can expand. the data is very clear. i think it is pretty much a no brainer. >> if an immigrant paints my house somehow we are all richer because the rest of us can specialize in something else? >> yes. one of the ways because he's cheaper he makes prices much lower prices of construction much lower for all of us. >> that mahas been my understanding by this flexibility of a labor market everything costs less we can get richer. >> what you are focusing on is the gross domestic product for example if we were to provide grants and amnesty to 12 million illegal aliens the gdp tote at that time total sum of all good and products would grow. >> they would stop hiding and report more income. >> that is an abstract method. it doesn't mean anything.
FOX News
Mar 24, 2013 8:00am PDT
economy so we don't become a cyprus isn't senate passed its first real bottoming proposal in more than four years. but many americans are worried that lawmakers are kicking the can down the road. the majority say they are slightly less nervous about the economy than they were in 2010. an overwhelming number of us think the number-1 challenge to our economy is the continuing, mounting debt. we have a former media spokesperson for george w. bush and a democratic political consultant to hillary clinton for president. mersaides and richard, welcome to both of you. americans are sick of this. look at the debt clock this. thing keeps whizzing up. the debt is mounting. every sunday, i show this. it has gone up another trillions, it seems, theres and multi-millions. mercedes, how do we stop that in its tracks and make it go the other way? >> we can't stop it when you have the budget plan that senator murray has pushed through. 50 of all, because it has such little support from american voters. for example, we saw a poll saying that only 28% of likely voters supported the senator murray plan. t
FOX News
Mar 22, 2013 8:00am PDT
been about 500,000 refugees into jordan, it's straining their economy here. there's also fear about those chemical weapons in syria, will those come across the borderer and cause more violence and chaos? when i sat down yesterday with the israeli president, shimon peres, he said king abdullah and other leaders in the arab world need to step up here to stop the violence in syria. take a listen. >> it's an arab problem, it's an arab organization and league. they have to do what the africans did in africa, organize their force under the auspices of the united nations and stop the bloodshed. >> reporter: but so far king abdullah has said he opposes any kind of foreign military intervention in syria, so we're till at a stand still in that con felix. we'll be looking -- conflict. we'll be looking for that at the news conference and, let's not forget there's pressure on president obama as well not just from republicans back home in the u.s., but also democrats like senator carl levin saying that the president should help set up a no-fly zone around syria, maybe there should be some sort of
FOX News
Mar 21, 2013 12:00pm PDT
could see big disruptions in the international economy just at a time when things were starting to look better. >> shepard: some disturbing video out of san diego. cameras caught people kicking and punching and sitting on top of mother seals and their pups. look at this. happened on a stretch of beach where seals come to give birth. cameras caught these two women abusing. the. the san diego mayor has now closed the stretch of beach in the nighttime hours the decision is not setting well with beach-goers, arguing the actions of a few should not close the beach for everybody. supporters the closure say it's a small stretch, and if people are going to kick these defenseless animals you have to do something. >> it's 150 feet, and groups argue that stretch of beach is a key shelter for more than 200 harbor seals and their pups-especially during breeding season, which is from january to the end of may. they say the cove guess for the seals, the environment, and tourism, and the abuse, they've say it happens all the times. >> our immediate response was we were appalled. we've seen the abuse th
FOX News
Mar 23, 2013 2:00am PDT
. the people of iran, it won't matter to them. what matters the economy is shambles. they don't have jobs or food to put on the table. >> what is concerning, that we have on the defense side, f.b.i. training manuals that don't even mention the word islam. don't mention the word muslims or jihad. those have been completely purged. we also have nuclear defense missiles i think are cut ever since barack obama has come into office. yeah, now he is talking about interceptors over to alaska but that was only pretty much in response to the north korean threat because he got caught on that. rather than that all of our defenses have been going downward. >> sean: i agree, good point. joel, you have written from the last jihad and written a lot of novels. every time i read them i'm thinking these scenarios that you are writing about seem very possible to me. you have a very dark, twisted mind. [ laughter ] >> i look at worst case scenarios. that is where we are. the new novel is damascus count down. what if an american president miscalculates, he tries diplomacy and it doesn't work. what if an
FOX News
Mar 18, 2013 1:00pm PDT
. i'm a data guy. we all know the bad numbers out of the economy in the last couple quarters, being run over by some of these media folks -- look no further than the unemployment rate which is a fancy way of saying all the people that are either parttimers that want fulltime, or all the people that have just been so discouraged, they have given up looking for work. the number is over 14%. so while the unmomentum rate is celebrated at a post recession low, we're still about mid-teens for unemployment as a real term. >> neil: let me ask you this. when so many states are seeing for some a sudden uptick in the up employment rate,ings to that trigger or pop up in the national numbers or is there a lag effect? what do you see? >> well, there's certainly a lag effect to some degree because there are different economic factors going on in different states. we talk about this before. all the fracking has poshed then unemployment rates in dakotas, but at it gone up, especially in states next door. but for anybody to sit here and tell you that fundamentals are changing as a whole across the nation
FOX News
Mar 26, 2013 2:00am PDT
in terms of handling the economy dropped 10 percentage points since december. people are equating it to that. >> why she works from home maybe yahoo had the right idea. >> the problem wiis we shop too much. cu coupon cabin says 60 percent shop on-line when working at home. 54 percent say they do that at home. tell commuters are commending more time shopping on-line at home. about a quarter say they spend at least an hour a week doing so. that's about double those who shop in the office. but i don't think an hour a week is too much shopping on-line. >> i don't know. based on your first story when you are making income. >> maybe they are finding good deals, heather. >> maybe. >> there is also something else you could point out is 63 percent of people say they feel less distracted when they are working at home and more productive because of it. there are pluses and minuses. >> appreciate it. good to see you. 19 after the top of the hour. if you are a homeowner you want to listen up. mortgage rates are expected to sky rocket. we have what you need to know. taxpayers picking up a $1 milli
FOX News
Mar 25, 2013 6:00am PDT
forecasts that cyprus will lose 20% of its economy. that is a depression. so those two are losers. the russian mob and the peel of cyprus. the winner here so far looks to be germany's angela merkel. she has forced the cypriots to pay up as a price for staying in the euro. they won a major victory getting that money out of cyprus and beating back the russians. there you have it. heather: so you said the russians basically lose their shirts over this. do you think they will take this lying down? what can they do? >> no, they're not. what they can do is up in the air but remember russia supplies a lot of energy to western europe in the form of natural gas. this fall it is possible, purely speculative it is possible some of those energy supplies will be squeezed. russian mob does not losing billions of dollars. vladmir putin, good friend with some of the oligarches, he is not happy. heather: we're here in the good ol' u.s. of a, so any impact on us here? >> yes. minor leagues but we're breathing a sigh of relief. when the stock market opened this monday morning even though it followed a se
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